Funko(FNKO) - 2023 Q2 - Earnings Call Transcript

Thanks, Mike. Before diving into the Financials, I'd like to update you on the progress we've made on the first round of operational improvements and cost reductions that we put in place earlier this year, which will generate annualized cost savings of between $155 million and $185 million. Some of the major elements of that plan included the significant reduction of inventory earlier in the year, which helped us eliminate certain storage costs and improve the efficiency of our primary U.S. Distribution cen ...